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Report: #1341322

Complaint Review: American Consulting Group - 141 N Las Vegas #5 Nevada

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  • Reported By: Mad Business Owner — Pittsburgh Pennsylvania USA
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  • American Consulting Group 4780 W. Ann Road #5-141 141 N Las Vegas #5, Nevada USA

American Consulting Group & Nationwide Business Foundation TOTAL RIPOFF. WARNING DO NOT DO BUSINESS WITH THEM N Las Vegas Nevada

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August O'Leary    ext  2805

American Consulting Group, Inc., Las Vegas

Nationwide Business Foundation LLC

 DO NOT DO BUSINESS with these folks. 

October 28th, Ms. August O’Leary took our information, bank statements and after a few hours informed us that she had 3 lenders who had reviewed our paperwork and was ready to lend us the 100K and 50K Line of Credit. We received an approval letter.  This prior approval process took 2 days.  She talked with us several times a day.  We called her and she responded.  We wired the 3K to her on a Monday.  She stated that we would receive the paperwork and money by Friday. 

Friday came and went.  We contacted August via telephone and email with no response. I send an email every day for the next 3 weeks.  The next week, ACGI started having telephone problems. “Please leave a message as we are experiencing technical issues”. Right!!  When someone answered it was the same person. Used several different telephone numbers and they all went to the same person.  How many people actually work at this company? Is August the only person who processes loans??  After further research the address that they have listed 4780 W. Ann Road #5-141  North Las Vegas, Nevada 89031 is a UPS store address in Las Vegas.

Weeks later I called the corporate office.  Again, had to leave a message.  2 hours after my message I receive a generic email that says our loan was denied and our 3K was non-refundable.  We were denied due to low revenue and few deposits.  In fact we have deposits once a month of 15K-20K a month. The letter says If you have any problems call this number.  Oh yeah, the number is disconnected.  Or maybe after 3 weeks a business is still having telephone problems.  We still have never heard back from Ms August OLeary.

 

LESSON LEARNED:  Never send upfront money for a loan.  Lenders get paid via interest or a backend fee. We were not smart to send $3K upfront for a guaranteed 100K business loan.

This report was posted on Ripoff Report on 12/04/2016 10:55 AM and is a permanent record located here: https://www.ripoffreport.com/reports/american-consulting-group/141-n-las-vegas-5-nevada-89031/american-consulting-group-nationwide-business-foundation-total-ripoff-warning-do-not-1341322. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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